Ethereum Price Movement Predicted to Trigger Massive Liquidations

A recent analysis by Coinglass has shed light on the potential implications of Ethereum's price movements on mainstream cryptocurrency exchanges (CEX). According to the data, if Ethereum were to break through the $2,429 threshold, the cumulative short liquidation intensity on CEX could reach a staggering $1.18 billion.

This is because investors who have taken short positions on Ethereum will face significant losses as the price continues to rise. Conversely, if Ethereum falls below $2,209, the cumulative long liquidation intensity on CEX would be around $1.01 billion.